Impax Asset Management Group (LON:IPX) Trading Up 21.1% – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s share price shot up 21.1% during trading on Friday . The company traded as high as GBX 116.20 and last traded at GBX 115. Approximately 2,624,132 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 1,002,957 shares. The stock had previously closed at GBX 95.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 197.50.

Impax Asset Management Group Stock Up 21.1%

The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53. The firm has a 50 day moving average price of GBX 100.50 and a 200-day moving average price of GBX 124.79. The firm has a market cap of £139.72 million, a price-to-earnings ratio of 10.95, a P/E/G ratio of 5.05 and a beta of 1.31.

Impax Asset Management Group (LON:IPX) last posted its earnings results on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.The firm had revenue of GBX 5,881 million for the quarter.

Impax Asset Management Group Company Profile

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.